Beer companies, Department of Justice in resolution talks for $20.1B deal


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Posted Online: Feb. 20, 2013, 4:57 pm
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The U.S. Department of Justice is talking with beer makers Anheuser-Busch InBev and Grupo Modelo about potentially resolving a legal challenge to their $20.1 billion deal.

The beer companies and the government are asking the court for a stay of all litigation proceedings until March 19. There is no guarantee a resolution will be found.

The Justice Department in January sued to block the combination, saying having one company controlling nearly half of all U.S. beer sales would stifle competition. The beer makers recently revised the terms of the acquisition, which would give more control of Modelo's U.S. beer brands to a wine company, Constellation Brands Inc., in a side deal.

The government is weighing whether the revised terms of the deal resolve its concerns about market competition.














 



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  Today is Thursday, April 24, the 114th day of 2014. There are 251 days left in the year.

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1889 -- 125 years ago: The gates of Oklahoma were swung open at noon today, and a throng of more than 30,000 settlers started over its soil.
1914 -- 100 years ago: The Iowa Coliseum Co. was incorporated with $40,000 capital and planned a building on 4th Street between Warren and Green streets in Davenport.
1939 -- 75 years ago: Plans are being discussed for resurfacing the streets in the entire downtown district of Rock Island.
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